Monetary policy & the Economy

Doug Henwood dhenwood at panix.com
Sat Jan 25 10:12:07 PST 2003


Steven wrote:


>Doug, I didn't see the FT story, but I'm guessing FT is spinning the
>dollar's decline on Iraqi war jitters.

In part. But the FT has been saying the dollar is at risk for quite a while, for all the usual reasons (c/a deficit, foreign debt, debubble-ification...).


>As far as the central banks, exactly what could they possibly be
>diversifying in to?

Euro(s), I guess: <http://finance.yahoo.com/q?s=^XEU&d=c&k=c1&a=v&p=s&t=3m&l=on&z=m&q=l>.

Doug



More information about the lbo-talk mailing list